Tuesday, 14 November 2017 00:02

eftpos launches Android Pay for almost 2m ANZ and Cuscal customers

By

eftpos payments are now available on Android Pay, with ANZ and Cuscal being "the first Australian financial institutions to make the service available to eftpos-only cardholders". 

eftpos acting chief executive Paul Jennings said eftpos on Android Pay would "provide eftpos mobile payments to cardholders, with secure access to their own money in real time and less likelihood of being surcharged".

The service will use "Australia’s first domestic Token Service Provider (TSP) for increased security, by removing confidential consumer card data from the eftpos payment network and replacing it with a unique payment token".

The eftpos TSP, which was built in partnership with Rambus, "enables eftpos to generate and manage its own payment tokens, facilitating secure digital payment experiences for eftpos cardholders".

We're told that the technology provides "additional benefits to consumers when faced with a lost or stolen mobile phone or card. The user is able to disable mobile payments quickly, without needing to cancel the physical card itself".

ANZ and eight Cuscal-sponsored credit unions and banks are offering customers the choice of using eftpos on Android Pay, including People’s Choice Credit Union, Sydney Credit Union, Woolworths Employee’s Credit Union, CUA, Nexus Mutual, and FCCS.

Jennings said: “Almost two million cardholders will now have the capability to make eftpos payments on their Android mobile devices. This will bring the convenience of secure, in store mobile payments to many Australians for the first time.

“We are thrilled to team up with Google, ANZ and Cuscal to provide customers with access to their own money via their Android mobiles at the shops, with added benefits such as the ability to track their bank balances in real time.”

So, how do you use the service?

Cardholders simply need to download Android Pay at the Google Play Store and follow the prompts.

Pali Bhat, vice-president of Product Management, Payments, Google, said: "We're excited to bring the security and simplicity of mobile payments via eftpos for Android device owners in Australia.

"Using Android Pay is more secure — and much faster — than rummaging through your wallet for a plastic card. That’s why we've worked with eftpos to enable Android Pay at almost 800,000 contactless payment terminals in Australia where people can seamlessly Tap & Pay with eftpos using their Android devices."

Adding his comments on the new mobile payment option is ANZ managing director of Products, Bob Belan, who said: “This is great news for our eftpos cards customers who can now also use Android Pay to easily make secure payments at contactless terminals.

“Our customers are using mobile payments in growing numbers, and we are pleased be working with eftpos in offering this capability to even more ANZ cardholders before the end of the year.”

Cuscal’s general manager Product and Service, Robert Bell, said: “We’ve partnered with eftpos and Google to ensure that our clients’ eftpos cardholders now have the convenience of paying via their Android phones.

"This adds to our large portfolio of leading digital payment solutions. Cuscal enables multiple financial institutions to compete and lead in payments solutions. We provide our clients’ customers choice in the way they want to pay.”


Subscribe to ITWIRE UPDATE Newsletter here

Active Vs. Passive DWDM Solutions

An active approach to your growing optical transport network & connectivity needs.

Building dark fibre network infrastructure using WDM technology used to be considered a complex challenge that only carriers have the means to implement.

This has led many enterprises to build passive networks, which are inferior in quality and ultimately limit their future growth.

Why are passive solutions considered inferior? And what makes active solutions great?

Read more about these two solutions, and how PacketLight fits into all this.

CLICK HERE!

WEBINAR INVITE 8th & 10th September: 5G Performing At The Edge

Don't miss the only 5G and edge performance-focused event in the industry!

Edge computing will play a critical part within digital transformation initiatives across every industry sector. It promises operational speed and efficiency, improved customer service, and reduced operational costs.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

But these technologies will only reach their full potential with assured delivery and performance – with a trust model in place.

With this in mind, we are pleased to announce a two-part digital event, sponsored by Accedian, on the 8th & 10th of September titled 5G: Performing at the Edge.

REGISTER HERE!

BACK TO HOME PAGE
Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments